Blockchain Firm PO8 Utilises Underwater Cultural Heritage Assets to Drive Impact in The Bahamas – Says Africa Can Be Next

The treasures hidden under the sea will likely remain undiscovered if we all focus on the surface world. However, Bahamas based blockchain company, P08 is changing the underwater narrative as it is creating blockchain solutions to aid in underwater archaeology. The company aims to make marine archaeology accessible through its decentralised applications (DApps).

With the assistance of the blockchain, P08 aims to utilise new maritime technologies, artificial intelligence and robotics to recovering lost cultural heritages that have been shipwrecked in Africa, the Caribbean islands, and other countries. Basically, it’s a decentralised, secure and transparent form of underwater treasure hunting.

PO8 CEO Matthew Arnett and co-founder and COO Raul Vasquez plan to help African nations benefit from the tokenisation of newly recovered underwater artefacts. It plans to utilise the blockchain technology and Non-Fungible Tokens (NFTs) to monetise the ownership of $100B dollars’ worth of sunken artefacts in Bahamian waters. P08 will transfer the ownership rights of any recovered artefact with its economic value into a digital title. However, the recovered items will be kept in the custody of the PO8 Museum Foundation to be preserved and exhibited.

It took 18 months for PO8 to assemble its team of marine archaeology and tech, a Dream Team of sort. Included in this team are Dr. David Gallo, TITANIC expedition; Mr. Claudio Bonifacio Shipwreck researcher and author; Troy Launay, member of the Apollo F-1 engines recovery team and Evan Kovacs, a professional underwater photographer.

PO8 aims to be a force to be renown within the Caribbean Islands, Africa and the world at large. The tech company aims to impact the Bahamas first through the provision of local jobs in marine habitat protection, tech and tourism. Vasquez explained how the company aims to build resources in the African continent saying, “This is the retooling of professionals from downtrend industries to servicing new tech industries launching in Africa…We welcome the opportunity to join arms with local governments to promote sustainability and capacity building through underutilised resources. Entire populations stand to benefit.”

The company also aims to create its first Archeological Treasure and Maritime Museum By restoring artefacts discovered from its shipwreck sites. PO8 recently received the 2018 Creative Business Cup Award at Demand Solutions in Santiago, Chile from the Inter-American Development Bank (IDB).

P08 is currently running its Security Token Offering. For more information on how to get involved or to inquire about its STO, visit https://po8.io/.

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A Safer and More Secure Alternative to Paxful to Buy Bitcoin In Nigeria CoinCola

Bitcoin trading has become a phenomenon in the financial landscape since the creation of the cryptocurrency in 2008. Due to the potentials of Bitcoin as a currency and an investment, the cryptocurrency has gained popularity in Nigeria.

However, due to the problems that the country has faced in the past regarding cybercrime, it is difficult to get Bitcoin directly from local currency on most central crypto exchanges. This has given rise to decentralised exchanges where buyers and sellers meet to transact in Bitcoins and other digital assets.

Paxful is the most popular platform for Nigerians

The most popularly used platform for purchasing cryptocurrency is Paxful. The platform which was launched in 2015 provides an environment for buyers and sellers to interact and make transactions.

Paxful has Become a Haven for Scams

Although Paxful provides a simple and easy platform for trading, it has gained a tainted reputation in the past few years.

One major problem that Paxful has suffered in recent years is the accusations of scam by users on the platform. Paxful does not do much on its security as the platform has become overrun with scammers.

Paxful forum is filled with several comments from users about how funds have been missing from users wallets with no reason offered by Paxful. There have been accusations of buyers using chargeback scams whereby transactions would be made via PayPal.

When the Bitcoin or Gift card purchase is made, the buyer will open a dispute on PayPal reversing the transaction, thereby robbing the seller of his money and also stealing the digital asset on offer. These problems keep up mounting, but Nigerians have continued to transact on the platform due to lack of a viable alternative.

However, this is set to end with the arrival of Hong Kong-based Bitcoin trading platform CoinCola. The reputable exchange platform has rolled out its services to Nigerians as it looks to take a major share of the market.

How Does CoinCola Compare with Paxful?

CoinCola implements similar features with Paxful as it is an OTC (Over the Counter) exchange that allows buyers to sellers. Sellers can also exchange digital assets such as gift cards for Bitcoins and vice versa. Users can also buy Bitcoins from other sellers on the platform.

This looks similar to Paxful, but where CoinCola stands out is in terms of security. The HongKong bases platform takes the security of users seriously and is considered as one of the safest OTC exchange platforms.

There are little to no cases of scams on the platform with several positive reviews about CoinCola regarding its services.

CoinCola Uses Real Name System to Prevent Scams

CoinCola utilises a unique Real Name System for traders to avoid scams; with this system, the trader would have to fill his/her entire information to be able to receive payments.

This way, it becomes difficult for a seller to scam a buyer because if a dispute is filed, the seller would be unable to access funds.

Coincola Has An Excellent Customer Support System

CoinCola has a responsive customer support system which provides quick solutions in the cases of disputes. Some randy sellers have also been removed from the platform due to the proactive intervention from customer support.

CoinCola Escrow Prevents Chargeback Scams

Also, CoinCola escrow system is designed in a way that buyers are unable to use chargeback scams on sellers. This is because the funds deposited via escrow cannot be returned to the buyer unless there is a case of a dispute.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

Digital Asset Evolution – the Long Hard Road to Stablecoins

You may often hear about cryptocurrency rates rise and fall, changing rates sharply within a single day. Lack of reliability and trust are the main reasons why digital assets have not yet come to worldwide adoption. Stablecoins has been developed to change this situation.

Obviously, cryptocurrencies had been invented and designed to ensure fairness, transparency, and decentralisation, to protect users from unfair regulation and interference by financial institutions, which makes financial transactions costly and burdensome.

That’s why the idea and forthcoming decision of creating special digital assets, that would be free of the burden of price fluctuations, being tied to more reliable assets have long been in the air.

The Key to Stability?

Stablecoin volatility is much lower than other cryptocurrencies since their price is directly dependent on the rate of the real asset. This creates new opportunities in the development of the cryptocurrency industry and digital assets.

Moreover, stablecoin has a real chance to be used as a global currency that can’t be influenced by the government or the banking system’ actions.

An ideal stablecoin must withstand significant market volatility, should not be extremely costly to support, have decent scalability, support privacy, and decentralisation, and be transparent for trading and arbitrage transactions. Such features can ensure maximum acceptance of stablecoin in the real world.

How Do Stablecoins Work?

The stablecoins role in the market is just almost the same as in fiat currencies case. They can serve as a means of exchange, calculation or storage of capital. Their value is tied to traditional assets in a 1:1 ratio.

ST’s are divided into 3 main groups according to the method of rate stabilising. It can be:

Fiat-collateralised (pegged to fiat currency);

Crypto-collateralised (pegged to crypto);

Non-collateralised (the stablecoin rely on an algorithm generated mechanically which can change the supply volume if needs be so as to maintain the stablecoin’s price which is pegged to an asset).

However, what cons and pros define the stablecoin and it’s worldwide hot topics?

Stablecoin Benefits

Always stable

The main and known advantage of stablecoins is what it looks like from the asset group name – stability. The rate fluctuations of such coins are not significant.

For example, Tether or USDT rate during last years ranged only between $0.92 and $1.05. Occasional drops were associated with strong crypto market fluctuations.

Rate dependence

When using the stablecoins, a user can be sure that the goods purchased or sold to them for cryptocurrency will not radically change in price due to the rate volatility, which may well occur during operations with conventional cryptocurrency.

Low volatility

Stablecoin is several orders of magnitude lower than that of other cryptocurrencies since their price directly depends on the rate of the real asset. This turns their tokens into a means of payment that can be used to make payments in everyday life. Besides, their reliability is an additional incentive to spend them, and not keep them in the piggy bank.

Stablecoin Disadvantages

Dependence on digital assets

In some cases, stablecoin can be tied to other crypto assets. This may create severe issues due to the fact that all other digital assets can be volatile, thus – not reliable for different purposes.

Third party presence

Truth is, the very essence of stablecoin does not correspond to the philosophy of cryptocurrency, which lies in full anonymity and decentralisation since it depends on the traditional financial institutions of countries whose currencies are secured.

There are some more minor cons present, but the numerous advantages greatly outweigh it.

Stablecoin Projects Nowadays

During the years passed since the first stablecoin was accepted by the cryptocurrency market, many similar assets appeared. At the moment, there had been many projects, aimed to create perfect stablecoin. The most popular nowadays are Tether (USDT), which holds 9th place in market cap with $3 billion, USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), DAI MakerDao (DAI), STASIS EURS (EURS), Digix Gold (DGX) and others.

Stablecoin acceptance is growing steadily and in different fields – money transfers, means of payments for goods & services – that also goes for platforms, which provide sport betting services. One of such platforms, known for its reliability and convenience – is 1xBit.

The popular service provides many features: professional and quick client feedback, double checking of winnings and bets using 20 crypto assets. Now platform also supports most popular stablecoins –Tether, USD Coin, True USD, and PAXOS Standard Token, which have been carefully chosen by 1xBit to be utilised on the gambling platform for users convenience and overall reliability.

Betting with stablecoins, one can play and be sure that his prize will not go down in rate over time.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

A Secure Cryptocurrency Wallet for Your Smartphone

Totalcoin is a secure cryptocurrency wallet, that combines features of a Bitcoin exchange and a Bitcoin wallet, which makes it an extremely useful app for digital currency users. This app allows people from Africa to safely store and transfer their cryptocurrency, buy and sell Bitcoin for cash using multiple payment methods as well.

Key Features of the App:

Wallet — Deposit and withdraw various cryptocurrencies. Totalcoin charges no fees for cryptocurrency transactions. All you have to pay is a blockchain fee, that is calculated automatically and depends on the current congestion of the Bitcoin blockchain.

Trade — Buy BTC with cash and gift cards or sell Bitcoin. Totalcoin charges a 1% fee for any transaction.

Exchange — Exchange Bitcoin for various popular cryptocurrencies and vice versa. Totalcoin charges a 1% fee for any transaction.

Cryptocurrency charts, technical analysis tools;

Instant transactions between Totalcoin wallets;

Detailed transaction history;

USDC and USDT stablecoins, that can protect you from Bitcoin price drops;

Support for Nigerian naira and other African currencies.

Integrated customer support service.

Which cryptocurrencies does Totalcoin support?

As of May 2019, Totalcoin supports the following cryptocurrencies:

Bitcoin

Ethereum

Ripple

Bitcoin Cash ABC

Litecoin

Tether

USD Coin

And many other popular cryptocurrencies.

The list is regularly updated with new cryptocurrencies in line with demand from users. Developers plan to add support for ERC-20 tokens, which would make Totalcoin a way much popular and useful app.

Buy and sell Bitcoin on Totalcoin:

You can buy and sell Bitcoin using various popular partner payment methods:

Zenith Bank, First Bank of Nigeria, Access Bank and other popular African banks;

How to buy BTC on Totalcoin:

Choose an ad. By tapping an ad you can find all necessary information, such as user rating and terms of the deal.

Send money using payment details provided to you by the seller. If the deal is through gift cards, you must send the claim code of your card or a picture of it.

Confirm your payment by tapping the button. If your payment is valid, you will receive Bitcoin to your Totalcoin wallet.

Every deal has a chat, where parties can discuss any problems and questions. You can open a dispute if you did not receive Bitcoin or money. Totalcoin moderators solve disputes in a fair manner.

To summarise, Totalcoin is a valuable mobile app for cryptocurrency users. This app is useful for newish digital currency users and for experienced traders. Totalcoin is a versatile app, that combines features of a cryptocurrency trading platform, Bitcoin exchange, and a multi-currency wallet.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.